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IAC

IAC InterActive Corp.

IAC

IAC InterActive Corp. NASDAQ
$35.07 1.30% (+0.45)

Market Cap $2.86 B
52w High $41.86
52w Low $29.56
Dividend Yield 0%
P/E -13.97
Volume 684.57K
Outstanding Shares 81.42M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $589.793M $370.227M $-21.879M -3.71% $-0.275 $11.147M
Q2-2025 $586.928M $384.382M $211.452M 36.027% $2.64 $342.228M
Q1-2025 $570.489M $329.43M $-216.805M -38.003% $-2.64 $-245.322M
Q4-2024 $989.307M $675.974M $-198.977M -20.113% $-2.39 $-160.579M
Q3-2024 $938.719M $664.582M $-243.719M -25.963% $-2.93 $-250.783M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.005B $7.188B $2.344B $4.79B
Q2-2025 $1.094B $7.36B $2.398B $4.911B
Q1-2025 $1.159B $7.187B $2.424B $4.714B
Q4-2024 $1.798B $9.547B $3.243B $5.578B
Q3-2024 $1.745B $9.837B $3.354B $5.76B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-21.879M $30.148M $3.26M $-120.44M $-87.991M $25.271M
Q2-2025 $211.452M $-2.754M $1.32M $-64.694M $-64.88M $-7.209M
Q1-2025 $-232.118M $-2.695M $-388.24M $-248.343M $-646.249M $-7.351M
Q4-2024 $-198.977M $110.093M $12.234M $-44.407M $76.16M $91.891M
Q3-2024 $-243.719M $95.348M $45.991M $-37.65M $105.094M $91.951M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Carecom
Carecom
$0 $90.00M $80.00M $90.00M
Emerging Other
Emerging Other
$0 $20.00M $20.00M $20.00M
Intersegment Eliminations
Intersegment Eliminations
$0 $0 $0 $0
People Inc
People Inc
$0 $0 $430.00M $430.00M
Search
Search
$190.00M $70.00M $60.00M $50.00M
Dotdash
Dotdash
$0 $390.00M $0 $0

Five-Year Company Overview

Income Statement

Income Statement IAC’s income statement shows a business in transition rather than on a smooth growth path. Revenue climbed strongly earlier in the period, then pulled back in the last couple of years as the company reshaped its portfolio. Profitability has been very up‑and‑down, with years of solid profit followed by years of meaningful losses, including the most recent period. Gross margins remain healthy, which suggests the core businesses still create value, but operating costs and one‑off items have kept reported earnings volatile and somewhat unpredictable.


Balance Sheet

Balance Sheet The balance sheet looks reasonably solid but a bit leaner than a few years ago. Total assets and cash have drifted down from prior peaks, reflecting spin‑offs, investments, and possibly write‑downs, while debt has stayed fairly steady and manageable. Equity has held up relatively well, which points to a still‑substantial capital base backing the business. Overall, IAC does not look overextended financially, but it no longer has the same level of cash cushion it once enjoyed.


Cash Flow

Cash Flow Cash flow is a relative bright spot. With the exception of one weak year, the company has generally generated cash from its operations, and free cash flow has turned clearly positive again in the most recent period. Capital spending remains modest, so most operating cash can be used for debt service, investments, or new deals. The key message is that the underlying businesses appear to throw off cash more consistently than the accounting profits alone suggest.


Competitive Edge

Competitive Edge IAC’s competitive strength comes from owning a collection of strong, specialized internet brands rather than relying on a single flagship. Dotdash Meredith has a large portfolio of trusted media and information properties that attract intent‑driven visitors, giving it an edge in digital advertising. Angi offers a scaled two‑sided marketplace in home services, with brand recognition and network effects that make it harder for smaller rivals to match its breadth. On top of that, IAC’s long track record of building and spinning off online leaders gives it a reputation as a savvy capital allocator, though it remains exposed to intense competition in online content, advertising, and home services.


Innovation and R&D

Innovation and R&D Innovation at IAC is more about continuous digital improvement than about one big invention. Dotdash Meredith’s cookieless ad‑targeting system, D/Cipher, and its extension to D/Cipher+ aim to keep the advertising model relevant in a privacy‑focused world. Angi is layering in artificial intelligence to better understand homeowner needs, improve matching with service pros, and streamline the end‑to‑end job process. The company’s decentralized structure encourages its units to experiment with AI, new products, and new business models, but the payoff depends on careful execution and how quickly advertisers and users adopt these tools.


Summary

Overall, IAC looks like a financially sound but highly dynamic internet holding company, with strong brands but uneven earnings. The income statement reflects the ups and downs of restructurings, spin‑offs, and shifting ad and marketplace conditions, while the balance sheet and cash flows suggest a still‑resilient financial foundation. Its edge lies in brand strength, digital ad know‑how, marketplace scale, and a history of value‑creating deals. The main trade‑offs are earnings volatility, dependence on digital ad and search ecosystems, and the execution risk that comes with constant change and innovation.